Bumi Plc chairman hints he could step down soon

Indonesian coal tycoon Samin Tan has suggested that he could step down as chairman of London-listed miner Bumi Plc once the company had resolved a “critical period” of tension between major shareholders.

Bumi Plc, one of the world’s largest thermal coal exporters, was created by financier Nat Rothschild and Indonesia’s influential Bakrie family to bring promising Indonesian mining assets to London investors.

But after two years of shareholder infighting and tumbling shares, the company faces a bitter battle over its future.

via Business feed http://www.scmp.com/business/companies/article/1127653/bumi-plc-chairman-hints-he-could-step-down-soon